[单选题] 提问人:匿名网友 提问时间:2021-08-24

Jonn City entered into a capital lease for equipment during the year. How should the asset obtained through the lease be reported in Jonn City's government-wide statement of net position?


A .Not reported.
B .Expenditure.
C .General capital asset.
D .Other financing use.

提问人:匿名网友 提问时间:2021-08-24

参考答案(由小熊题库网聘请的专业题库老师提供的解答)

请点击↑↑↑ 查看官方参考答案 按钮

习题解析

请点击 查看官方参考答案 按钮

您可能感兴趣的题目


1 .Under the modified approach to capitalizing infrastructure, governments apply the following principles to recording current year additions:

A Roads and streets are recorded as capital additions only when they are both measurable and available. B Infrastructure expenditures are reported as expenses except for outlays that result in additions or improvements, which would be capitalized. C All infrastructure expenditures are reflected as c...

题型: 单选题 提问时间: 2021-08-24

2 .The city of Accountability Junction has applied GASB 34 reporting standards to its current year financials. Readers of the financial statements should expect to find the following financial reports relative to the city's performance in relation to the budget:

A Presentation of budget versus actual data on the cash basis in the Required Supplementary Information for all funds with a legally adopted budget. B A presentation of budget and actual data for all governmental fund types with variances of actual performance computed from both the original budget ...

题型: 单选题 提问时间: 2021-08-24

3 .During the year, a city’s electric utility, which is operated as an enterprise fund, rendered billings for electricity supplied to the general fund. Which of the following accounts should be debited by the general fund?

A Expenditures. B Due to electric utility enterprise fund. C Appropriations. D Other financing uses-operating transfers out.

题型: 单选题 提问时间: 2021-08-24

4 .Which of the following fund's data should be reported as part of local government's governmental activities column in its government-wide statements?

A Pension trust. B Private-purpose trust. C Debt service. D Agency.

题型: 单选题 提问时间: 2021-08-24

5 .Which of the following are considered an optional presentation within a government's Required Supplementary Information?

A Variances of actual performance from budget. B Originally adopted budget. C Final amended budget. D Actual financial performance presented in a manner consistent with the budget.

题型: 单选题 提问时间: 2021-08-24

7 .Which of the following should be included in the introductory section of a local government's comprehensive annual financial report?

A Management letter. B Letter of transmittal. C Engagement letter. D Auditor's report.

题型: 单选题 提问时间: 2021-08-24

8 .Altruistic University, a not-for-profit research university, conducts cancer research as part of its normal ongoing activities and regularly receives contributions to support these efforts. Experimental Pharmaceuticals Corporation, a large for profit corporation that markets drugs for cancer treatment, provides resources to Altruistic University to perform clinical trial research on an experimental drug to treat cancer. Resources are provided on the condition that Altruistic University comply with strict specifications governing the manner in which the research is conducted and the frequency and the character of outcome reports. Altruistic University should account for the resources provided by Experimental Pharmaceuticals as:

A A contribution that increases permanently restricted net assets. B A contribution that increases unrestricted net assets provided the restrictions are met in the current year and the university uniformly applies this method of recognition to all similar transactions. C A contribution that increase...

题型: 单选题 提问时间: 2021-08-24

9 .The following expenditures were made by Green Services, a society for the protection of the environment:Printing of the annual reportUSD12,000Unsolicited merchandise sent to encourage contributions25,000Cost of an audit performed by a CPA firm3,000What amount should be classified as fund-raising costs in the society's activity statement?

A USD37,000 B USD28,000 C USD25,000 D USD0

题型: 单选题 提问时间: 2021-08-24

10 .Terry, an auditor, is performing test work for a not-for-profit hospital. Listed below are components of the statement of activities:Revenue relating to charity careUSD100,000Bad debt expense70,000Net assets released from restrictions used for operations50,000Other revenue80,000Net patient service revenue (includes revenue related to charity care)500,000What amount would be reported as unrestricted revenues, gains, and other support on the statement of activities?

A USD460,000 B USD530,000 C USD630,000 D USD580,000

题型: 单选题 提问时间: 2021-08-24

 
如有问题 请联系客服
  • 客服微信